SECURITIES AND EXCHANGE COMMISSION

LITIGATION RELEASE No. 17958 / January 30, 2003

   SEC CHARGES ACCOUNTING SUPERVISOR AT MASSACHUSETTS PHARMACEUTICAL
   COMPANY AND HIS FATHER WITH INSIDER TRADING

   The Commission today filed insider trading charges against George R.
   Potter and Timothy J. Potter of Bedford, New Hampshire, in connection
   with trading in the securities of Sepracor, Inc., a Marlborough,
   Massachusetts-based pharmaceutical company. According to the
   Commission's complaint, on October 18, 2000, Sepracor employee Timothy
   Potter tipped his father, George Potter, after learning that Eli Lilly
   and Company might terminate a license agreement with Sepracor. Minutes
   later, the Commission's complaint alleges, George Potter bought
   Sepracor put options. The next day, after Sepracor publicly announced
   the termination of the license agreement, he sold them, profiting by
   $55,172. According to the Commission's complaint, on April 18, 2001,
   George Potter transferred approximately the same amount --$55,000 --
   to Timothy Potter's account.

   The Commission's complaint alleges that Timothy Potter, a manager in
   Sepracor's accounting department, learned no later than October 18,
   2000, that Eli Lilly and Company might terminate a license agreement
   with Sepracor concerning the development of a new version of Lilly's
   top-selling antidepressant, Prozac. According to the complaint, on
   October 18, Timothy Potter tipped his father about the potential
   termination, in breach of a duty he owed to Sepracor and its
   shareholders not to trade, or direct others to trade, in the company's
   securities while in possession of material, nonpublic information
   about the company. The Commission's complaint further alleges that
   George Potter, acting on the tip, purchased put options on Sepracor
   stock for $30,694 - in effect, betting that the price of Sepracor
   stock would fall.

   As a result of the conduct described in the complaint, the Commission
   charged George Potter and Timothy Potter with securities fraud in
   violation of Section 10(b) of the Securities Exchange Act of 1934 and
   Rule 10b-5 thereunder, based on their illegal insider trading. The
   Commission's complaint seeks injunctive relief, disgorgement of the
   profits from their insider trading, plus prejudgment interest, and a
   civil monetary penalty of up to three times the amount of the profits
   from their insider trading.

   The Commission acknowledges the assistance of the Chicago Board
   Options Exchange in the matter.

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